Louisiana § 39:510 Notice of default

Louisiana Statutes

§ 39:510 — Notice of default

Louisiana·Title 39 Procurement and Contract

§510. Notice of default Any governmental entity that has issued bonds under this Part shall notify the State Bond Commission in writing when:

(1)Any required deposit to any debt service sinking fund in connection with such bonds has not been made within five business days of when due.

(2)The principal, interest, premium, or any other payment due on such bonds has not been made within five business days of when due.

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§510. Notice of default
Any governmental entity that has issued bonds under this Part shall notify the State
Bond Commission in writing when:
(1) Any required deposit to any debt service sinking fund in connection with such
bonds has not been made within five business days of when due.
(2) The principal, interest, premium, or any other payment due on such bonds has not
been made within five business days of when due.

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